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In his remarks, Mr. Gurría highlighted that reforms to promote more competitive product markets have been deeper in Spain than in the average of OECD country by reducing state control over enterprises in the business domain and lowering barriers to enterprise, foreign trade and investment.

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In his remarks delivered in Rome, Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.

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At a meeting with Slovak Economists, Mr. Gurría underlined that the OECD has developed a strategic response to deal with the current situation, while at the same time addressing the interaction between different policy actions in our economies.

Given the crisis, the global governance architecture is moving faster than anticipated and the need for International Organisations to work together has increased. How can we help the international organisations become stronger, more inclusive and agile?

At the World Economic Forum in Davos, Mr. Gurría presented the OECD strategic response to the financial and economic crisis which provides elements and analytical tools to help governments redesign and restart the financial system, but also a comprehensive strategy to put the global economy back on a sustained growth trajectory.

Since September, the global economic downturn has grabbed public and government attention but the food crisis has not disappeared with the recession and falling commodity prices and remains a priority, according to Mr. Gurría.

Policy makers are now facing the challenge of providing a short-term response to the crisis without losing sight of the longer-term structural reforms needed to put pension and healthcare systems on a solid footing in light of population ageing. According to Mr. Gurría, we need pension funds to be more transparent and better regulated but we also need structural reforms in the public pension policies and health care systems.

In a world where advance-countries will have to increase their water spending by huge proportions to maintain existing level of service, and the developing countries have huge supply and sanitation challenges to meet, it is fundamental to have good water management practices, according to Mr. Gurría.

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According to Mr. Gurría, the crisis has led to some major new thinking, about regulation and markets, about accountability and ethics, and about the kind of economy we need to build. Our strategy is about devising better policies, better regulations and better institutional frameworks that enable businesses to flourish and public interests to be safeguarded in a stronger, cleaner and fairer world economy.